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While financial advisors are increasingly recommending closed-end funds to their clients, a major roadblock facing advisors is a lack of investor understanding of these investment vehicles. This finding is based on a recent survey of financial advisors conducted by Aberdeen Asset Management Inc.
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CEFA hosted a successful Advisor Summit on closed-end funds (CEFs) in Beverly Hills on March 6th. With 9 CEFA member firms participating in the event, the advisors had the opportunity to hear industry leaders share their insight and latest information about CEFs. You can now access videos, presentations, photos, and educational materials from the event on cefa.com.
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Aberdeen has announced the appointment of Victor Rodriguez as head of Asia-Pacific Fixed Income, in succession to Anthony Michael. Nick Bishop will in turn succeed Victor as head of Australian Fixed Income in Sydney, while Adam McCabe, current deputy, will become head of Asian Fixed Income in Singapore.
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Tortoise Capital Advisors mourns the loss of Dr. John R. Graham, a valued and influential founding member of its closed-end fund board of directors, who died on Dec. 20, 2013, after a courageous battle with cancer.
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